Investors had been interested in the northern suburbs investment property,but dropped out of the race after the budget’s tax changes.
First-time buyers competed and investors who had been keen dropped out,days after the budget made a bid to boost home ownership.
The three-bedroom house with off-street parking and heritage features was offered for the first time in nearly 50 years but passed in on a vendor bid of $1.5 million.
A couple bought a mixed-use home with space for a small business,but a rival’s large bid meant they nearly missed out.
The three-bedroom family home in Reservoir sold for just $500 above its $900,000 reserve,with the owners potentially losing money on the sale.
The updated Edwardian home had soaring cathedral ceilings and attracted four registered bidders at auction.
The three-bedroom weatherboard home looking onto the park has a verdant front garden and last sold for $520,000.
The discounts raise the prospect that two couples from last season’s show could walk away empty-handed.
Property prices are likely to keep falling this year as buyers pull back,experts say,but that doesn’t apply to every type of home.
The home with a pool was passed in on a vendor bid of $3.5 million after what the listing agent said was a “Mexican stand-off” between two parties.